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 LAW v ACCOUNTANCY, advise needed

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TSOblivious
post Jan 27 2009, 08:53 PM, updated 17y ago

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As mentioned above, please give me some advise.

I'm currently taking my A'levels with a combination of Law and Accounting
Initially, i planed to go for LLB but somehow not deciding to be lawyer, I'm more interested in the corporate field, to be a legal adviser or an in-house attorney or something like that.
However, not every company needs an in-house lawyer or a legal adviser.

Accountancy..
I totally have no idea how is the route to become an accountant, ACCA CIMA CAT?? :confused:
Though, I do have some basics of accounting (A'levels)


My questions are:
1. What is the employment rate/ chances to be employed to become a in-house lawyer. Examples of companies that seek legal advisers? (Law)
2. Should I take CLP to be a legal adviser inside a firm? (Law)

3. What should I do to go for ACCA? (Accountancy)
4. There is a saying that when you pick someone randomly in the streets, the chances of him being an accountant is high, is that true? Does it really matters? (Accountancy)

5. If you were me, Law or Accounting? (General)

Thanks. notworthy.gif


HiddenTrap
post Jan 27 2009, 09:25 PM

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I am also interested in accounting and have done some research about it.

3. I found this course pathway to ACCA.

4. Well, accounting is a popular choice.

5. If I were you I'd take accounting because of my interest.
alsree786
post Jan 27 2009, 11:18 PM

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QUOTE(Oblivious @ Jan 27 2009, 08:53 PM)
As mentioned above, please give me some advise.

I'm currently taking my A'levels with a combination of Law and Accounting
Initially, i planed to go for LLB but somehow not deciding to be lawyer, I'm more interested in the corporate field, to be a legal adviser or an in-house attorney or something like that.
However, not every company needs an in-house lawyer or a legal adviser.

Accountancy..
I totally have no idea how is the route to become an accountant, ACCA CIMA CAT?? :confused:
Though, I do have some basics of accounting (A'levels)
My questions are:
1. What is the employment rate/ chances to be employed to become a in-house lawyer. Examples of companies that seek legal advisers? (Law)
2. Should I take CLP to be a legal adviser inside a firm? (Law)

3. What should I do to go for ACCA? (Accountancy)
4. There is a saying that when you pick someone randomly in the streets, the chances of him being an accountant is high, is that true? Does it really matters? (Accountancy)

5. If you were me, Law or Accounting? (General)

Thanks. notworthy.gif
*
The first thing u have to ask yourself is whether u prefer acct or law. Think hard about it. If u have decided that it's definitely between these two professions, then think about your own personal abilities if u cant choose between them. The two professions need quite different natural abilities, with law focussing alot more on language to be a good lawyer or adviser, whilst accountancy requires more analysis of figures amongst other general differences. It is true that not all companies require in house lawyers. In Malaysia, the chances of u picking out a law graduate is also high. Does that matter? I personally dun think so. Competition is just going to get stiffer as the years pass, so just work hard and make yourself stand out and you'll be fine.

for accountancy, many prefer to pursue a degree first, and then maybe attempt a professional course like ACCA or CIMA whilst working full time. This may be because of the fact that even though ACCA is recognised as a degree equivalent, some universities and boards still dun recognised prof qualifications for their membership though it's recognition improving. Example would be the ineligibility for prof qualification holders like ACCA to pursue the mature entry route for llb, or certain Masters courses. Plus, it is only recently that CPA Australia recognised ACCA, if im not mistaken twas either 2008 or 2007. That's quite recent. I'm just giving random examples here because these came to my attention. There may be others. Plus, you'll get all those exemptions, and ACCA requires u to pay an annual fee so it helps if u finish it faster. (I cant comment on CIMA, sorry)

Now u may be asking why do two courses which are similar in the first place i.e. a Accounting degree and a prof qual? honestly, i dunno. You have to wait for someone who's done it to stumble upon this thread and make a comment. Possible reasons may be thrown about, but im not gonna assume.

Now im not saying that u cant take just take ACCA itself, which would be a faster route. Im not familiar with the new syllabus, so u have to check that out at a college's website. But a full time student could finish ACCA in 2 years in my time (which is only 3 years ago). It is a very good course, providing you with the required knowledge and i would recommend it.

For law basically, i used to argue that one should not take the CLP unless he wants to practice. That still stands, though im waiting to see how the new CBE is. If it is more practical and proves to be an effective training method, i would believe that it would be good to go for it as it provides extra training to be a good lawyer. yes u may say that i intend to be a legal adviser and not a practicing lawyer, but i believe its the skills that u develop and sharpen that will help u out. Such training may help ur analytical and communication skills. Many law graduates finish the llb not remembering the basics of the law of contract or even tort. Until then, the CLP is still relevant. Dun bother with it for now, and hope that the Government implements the CBE before u graduate so that u can at least see how effective it is and the general response to it before u decide on whether u intend to pursue it.

As i said above, there are quite a number of law graduates around. I dunno how good the employment prospects are for legal advisers, but it would be good for you to check out job sites. If any law graduate can be a legal adviser, then u will have to think about the competition.

for question number 5, i dunno how to answer that, coz i did both courses, but profession wise, im leaning towards accountancy and finance even though i would prefer law on any given day (i have my personal reasons).
zariqcools
post Jan 27 2009, 11:21 PM

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if i were you i would take law because it is one of the most powerful job in this world.x puas hati kasi saman sama die.and im planning to take law later.
violin_player84
post Jan 27 2009, 11:30 PM

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nowadays, acca like just a piece of paper that worth 60k ..thank to sunway university. take my advice :-

regardless what you wanna to do, just complete a proper degree before pursue your professional paper.
QD_buyer
post Jan 27 2009, 11:30 PM

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1. The chances depend on ur experience and quality though even if u grad from Lincoln/UCL etc.

2. Yes u should.I guess it is compulsory to becomea lawyer in malaysia rite ?


5. Law,wider field of career.and my interest too.

Btw,it depend on ur interest.reading law is very hard u know.

VelVetDreAmzZz^_^
post Jan 28 2009, 12:26 AM

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QUOTE(violin_player84 @ Jan 27 2009, 11:30 PM)
nowadays, acca like just a piece of paper that worth 60k ..thank to sunway university. take my advice :-

regardless what you wanna to do,  just complete a proper degree before pursue your professional paper.
*
lol...why do u say so? and in sunway it actually costs 60k for acca?
TSOblivious
post Jan 28 2009, 12:30 AM

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QUOTE(alsree786 @ Jan 27 2009, 11:18 PM)
for question number 5, i dunno how to answer that, coz i did both courses, but profession wise, im leaning towards accountancy and finance even though i would prefer law on any given day (i have my personal reasons).
*
Thanks for your great advise.
Alright, it doesn't really matter law or accountancy, the point is i personally prefer to work in a corporate environment (not in a court room facing judges/ jury).

I'm in a state of oblivious as I do not really follow up what is happening around.
I once heard bout CBE but not anymore now, when are they going to scrap CLP?
There are rumours that it is impossible to pass CLP at the 1st time.

I would like to know how did you do both courses? both at the same time or you did 1 at a time? If so, which did u do 1st?
Is it possible to pursue both courses at the same time?
HiddenTrap
post Jan 28 2009, 01:21 AM

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QUOTE(violin_player84 @ Jan 27 2009, 11:30 PM)
nowadays, acca like just a piece of paper that worth 60k ..thank to sunway university. take my advice :-

regardless what you wanna to do,  just complete a proper degree before pursue your professional paper.
*
Can explain why "ACCA is just like a piece of paper that worths 60k"?
alsree786
post Jan 28 2009, 01:25 AM

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QUOTE(Oblivious @ Jan 28 2009, 12:30 AM)
Thanks for your great advise.
Alright, it doesn't really matter law or accountancy, the point is i personally prefer to work in a corporate environment (not in a court room facing judges/ jury).

I'm in a state of oblivious as I do not really follow up what is happening around.
I once heard bout CBE but not anymore now, when are they going to scrap CLP?
There are rumours that it is impossible to pass CLP at the 1st time.

I would like to know how did you do both courses? both at the same time or you did 1 at a time? If so, which did u do 1st?
Is it possible to pursue both courses at the same time?
*
no problem. always here to help.

about the CLP thing, i've personally not followed the progress due to the lack of personal interest, but as u know, things here generally get implemented very slowly, and even then, with inherent flaws. i cant really say. but since u are only starting, we cant really tell what's gonna happen three years down the road which i think is long enough for them to come up with something since there are those who have been arguing for the change for years.

of course it's possible to pass the CLP first time (with hard work and good exam techniques), anything is possible. i only know one person who did tho, but i dun usually ask my friends whether they pass with their first try. im not that kepo.

errr, i did ACCA first then LLB. i was a part timer tho. It is actually possible to do both together, largely depending on what LLB course u take and when the exams are, but it'll be rather heavy. I wouldnt really recommend it to the general public, but there will be those few who would relish the challenge.
khaishin
post Jan 28 2009, 09:13 AM

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Be the one which you prefer to.
Hm..

I chose the route from degree to ACCA / CPA / AIA.
As I want to learn more things like soft skills, know more friends
from other fields, enjoy some Uni life etc.

It's no doubt that take ACCA instead would be a faster choice
but there are other things to be learnt.
Ha, so it depends on yourself to take which route.

You may choose CAT>ACCA which would take you 3 years time
or
Degree > ACCA ..
Diploma > ACCA
or when you are 21-year-old
you may enroll for ACCA as a mature student. biggrin.gif

For law..no comment. =.=
But it is a good choice too if you are interested in it.
TSOblivious
post Jan 28 2009, 09:48 AM

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QUOTE(alsree786 @ Jan 28 2009, 01:25 AM)
no problem. always here to help.

about the CLP thing, i've personally not followed the progress due to the lack of personal interest, but as u know, things here generally get implemented very slowly, and even then, with inherent flaws. i cant really say. but since u are only starting, we cant really tell what's gonna happen three years down the road which i think is long enough for them to come up with something since there are those who have been arguing for the change for years.

of course it's possible to pass the CLP first time (with hard work and good exam techniques), anything is possible. i only know one person who did tho, but i dun usually ask my friends whether they pass with their first try. im not that kepo.

errr, i did ACCA first then LLB. i was a part timer tho. It is actually possible to do both together, largely depending on what LLB course u take and when the exams are, but it'll be rather heavy. I wouldnt really recommend it to the general public, but there will be those few who would relish the challenge.
*
So, you did not take your CLP? Anyway, do you think that you can still apply law as you earlier said that u are tilting towards the accounting area? And, does a law degree makes you stand out from other pure accounting grads?

Please advise what job can I look for after I took my LLB, then studying ACCA part time.

QUOTE(khaishin @ Jan 28 2009, 09:13 AM)
Be the one which you prefer to.
Hm..

I chose the route from degree to ACCA / CPA / AIA.
As I want to learn more things like soft skills, know more friends
from other fields, enjoy some Uni life etc.

It's no doubt that take ACCA instead would be a faster choice
but there are other things to be learnt.
Ha, so it depends on yourself to take which route.

You may choose CAT>ACCA which would take you 3 years time
or
Degree > ACCA ..
Diploma > ACCA
or when you are 21-year-old
you may enroll for ACCA as a mature student. biggrin.gif

For law..no comment. =.=
But it is a good choice too if you are interested in it.
*
such as and how is it relevant? Does it mean there are some basic syllabus i would missed out if I take ACCA alone?






Thanks for all your comments and advises! notworthy.gif
khaishin
post Jan 28 2009, 11:24 AM

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QUOTE
soft skills, know more friends
from other fields, enjoy some Uni life etc.


These.

QUOTE
Does it mean there are some basic syllabus i would missed out if I take ACCA alone?



No, you wouldn't miss out the basic syllabus.
What I mean is soft skill.
And other knowledge can't describe literally.
Think yourself.

Everyone's goal is different so no one could really know what do you want.
Therefore the best choice is always your own choice.

Something to be asked yourself here,
Which course do you like the most?
Why can't you make out a choice between both of these occupations?
What's the thing besieged you?

The answer is in your heart.

Both the accounting and law courses could lead you to a bright future.
Both of them have a bright prospect.
So you would not have to worry about that.

The point is, which one do your prefer? which one do you interest to?
You have to ask yourself, since you have taken these subjects during your A-level,
you should know it, which subject brings more satisfaction to you?

When you are pursuing something you are interested in,
you would certainly on the right track towards success.
Best of luck, friend.


alsree786
post Jan 28 2009, 11:52 AM

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QUOTE(Oblivious @ Jan 28 2009, 09:48 AM)
So, you did not take your CLP? Anyway, do you think that you can still apply law as you earlier said that u are tilting towards the accounting area? And, does a law degree makes you stand out from other pure accounting grads?


*
im still pursuing my llb, im in my final year so yes, i have not sat for the clp. now, whether i can apply law to accounting is a difficult question, cause both are very general. the accountants role has strayed away from the traditional bookeeper and is now more active in management unless in u are in a big company where they employ hundreds of accountants and u are just another fish until u reach a certain level. Legal advisers are also involved in management decisions with regard to statutory compliance etc. So it really depends on that particular position tho i have to admit there are few tat would require both courses unless u are a forensic accountant then maybe. But i took law for the skills it provided me. It is the skills that u develop. Ask any law graduate. Most ( i shan't say all) will tell u that the course is not about the knowledge, but the skills u develop to become a good lawyer. No law student knows everything about the core law subjects when he graduates, heck, he will probably have forgotten a whole lot. It is the ability to analyse well and identify issues quickly, being able to respond well and provide clear and well thought responses to the problems, a skill that requires experience, training and exposure. Both courses help u develop that skill in different ways.

Whether it makes me stand out, i cant really say. A pure accounting grad would probably be preferred in most of the pure accounting roles. Law has made me rather argumentative, i argue with everyone nowadays about everything. Cant accept things the way they are like i used to. It's a curse... sad.gif
wleong
post Jan 28 2009, 02:34 PM

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female= accountancy
male = law
QD_buyer
post Jan 28 2009, 02:37 PM

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QUOTE(alsree786 @ Jan 28 2009, 11:52 AM)
Law has made me rather argumentative, i argue with everyone nowadays about everything. Cant accept things the way they are like i used to. It's a curse...  sad.gif
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100% agreed!

i have this kind of experience when it comes to argue with my dad sad.gif
hydrogenation
post Jan 28 2009, 02:42 PM

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QUOTE(wleong @ Jan 28 2009, 02:34 PM)
female= accountancy
male = law
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that is the stupidest post i have ever read.
TSOblivious
post Jan 28 2009, 07:03 PM

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Alright, thanks. I should have an idea what should i choose later on.

OnionII
post Jan 29 2009, 05:12 PM

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i'll go for law
SUSOptiplex330
post Jan 29 2009, 05:15 PM

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Law PLUS account. A most useful combination and it's like having wings on a tiger when it comes to the corporate world. That is why anything with law & commerce double degree in Australian university is very hot.


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